The Australian Competition and Consumer Commission (ACCC) this week said that while it was unlikely that the east coast of Australia would experience a gas shortfall in 2020, supply remained tight and more development and production was needed.
In its…
East coast market still tight post 2020 – ACCC Read More »
Oil and gas major Santos has reported an 89% hike in underlying profits for the half-year ended June, while net profits after tax soared by 273%.
Underlying profits for the half year reached $411-million, up from the $217-million reported in the previ…
Santos posts record Ebitda Read More »
Global oil and gas major Shell has made a A$617-million takeover offer for ASX-listed commercial and industrial electricity retailer ERM Power.
Under the terms of the proposed offer, ERM shareholders would receive A$2.465 in cash for every share held,…
Shell makes a play for Aus power producer Read More »
A major auction of oil and gas leases in the US Gulf of Mexico on Wednesday received $159.4-million in high bids, government officials said.
Combined with a March auction that drew $244.3-million in high bids, the total was the highest annual bid leve…
US offshore oil auction draws $159.4m in bids for Gulf acreage Read More »
In a bid to improve the ease of doing business and to woo foreign investors, the Indian government has decided to open three oil and gas bid windows every year, instead of two, under the Open Acreage Licensing Policy (OALP). “In view of recent policy r…
India increases number of windows for accepting EoIs for oil, gas exploration Read More »
Oil and gas producer Beach Energy has reported solid results for its full-year ended June, with underlying net profits up by 86%, while underlying earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 80%. Underlying net …
Beach’s profits reach record highs Read More »
India’s national oil and natural gas exploration and production (E&P) major, ONGC Limited, expects to achieve 190-million tons of incremental crude oil production through adoption of enhanced oil recovery (EOR) across 29 of its projects. “There is …
India’s ONGC adopting enhanced oil recovery technologies Read More »
The share price of ASX-listed Oil Search stumbled on Thursday after the government of Papua New Guinea (PNG) sent a delegation to Singapore seeking to renegotiate the terms of the PNG liquefied natural gas (LNG) agreement, signed in April this year.
M…
$14bn PNG LNG expansion hangs by a thread Read More »
Oil and gas major Woodside has reported a slide in net profits after tax for the half-year ended June, compared with the previous corresponding period, as production declined.
Net profits after tax for the six months to June was reported at $419-milli…
Woodside profit slides Read More »
The New South Wales government on Wednesday granted critical status to a liquefied natural gas (LNG) import terminal at Newcastle.
The terminal, if approved, would significantly increase the local gas supply, promote competition between suppliers and…
New LNG terminal ‘critical’ for NSW Read More »
